Baosheng Science and Technology InnovationLtd Balance Sheet Health
Financial Health criteria checks 2/6
Baosheng Science and Technology InnovationLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥13.9B, which brings its debt-to-equity ratio to 276.5%. Its total assets and total liabilities are CN¥24.3B and CN¥19.3B respectively. Baosheng Science and Technology InnovationLtd's EBIT is CN¥412.6M making its interest coverage ratio 1. It has cash and short-term investments of CN¥4.1B.
Key information
276.5%
Debt to equity ratio
CN¥13.87b
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥4.06b |
| Equity | CN¥5.02b |
| Total liabilities | CN¥19.27b |
| Total assets | CN¥24.29b |
Financial Position Analysis
Short Term Liabilities: 600973's short term assets (CN¥17.2B) exceed its short term liabilities (CN¥15.3B).
Long Term Liabilities: 600973's short term assets (CN¥17.2B) exceed its long term liabilities (CN¥4.0B).
Debt to Equity History and Analysis
Debt Level: 600973's net debt to equity ratio (195.6%) is considered high.
Reducing Debt: 600973's debt to equity ratio has increased from 233.4% to 276.5% over the past 5 years.
Debt Coverage: 600973's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: 600973's interest payments on its debt are not well covered by EBIT (1x coverage).